When I was buying my house the description mentioned that it was in a catchment of outstanding school - I didn't need schoold but it was one of the points that swayed me towards it as I knew I'd be selling in about 5yrs. I was also attarcted by its size (4 lrge bedrooms plus office and a child's bedroom), halls adjoining semi so 'nearly' detached, good size garden. I had no dount that it will grow in value.
Well I'm selling it now and guess what - it turns out that agents made a mistake and I@m on the wrong side of the street for the catchment! What aer the chances that one srteet os divided like that! As a result I had a nightmare as it's too large for an older / young couple, and for a family schoold matter, so it's attarcted several BTL investors late last year who let me down - not to mention all trued low offers.
I've stuck around with one who has been persistent but we still haevn't exchanged since his offer last year and yet more discount from me last month - he's playing around with mortgages (supposed to be cash buyer initially). Been nriefly on the market end of March when he stalled but no one turned up quickly - someone did but changedtheir mind, then te existing buyer maed a ew moves that appeared like progress.
I've just seen a house of similar size sold on my street (though has three loos rather than two like mine, and a small extension downstairs but my loft conversion is bigger, it's also modern but hideous decor - just newer than mine) - it's on the right side for the catchment and the price is 43K more than what I've agreed to sell! I don't know what it actually sold for, it may be over even but I'm sure not much lolwer than askingn as it was sold in a couple of weeks.
I'm now thinking do I have any chance selling mine for 10-15K more than the price to my horrid buyer if I go on now, as that's still 30K less than the house opposite? Or is it that you are just doomed if no school catchment? By the way neither house has off street parking - but parking on street is easy enough as it's one way. Am I being a complete mug selling so low - but I now need someone super fast as a buyer. There is a very good primary here but it's faith (Catholic).